Manganese ore prices knocked by oversupply, ample stocks – IMnI

Manganese ore prices are still being weighed down by oversupply and high inventories, the International Manganese Institute (IMnI) said as it released market supply and demand figures for February.

Global supply increased 3.8% year-on-year to 4.82 million tonnes in February, as demand improved just 1.2% to 4.2 million tonnes, leaving a global surplus of about 600,000 tonnes.

“Manganese ore production increased in February, while demand improved modestly,” the institute said. “Oversupply and ample inventories keep adding pressure on...

Published

Janie Davies

May 28, 2015

14:56 GMT

London